President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.

U.S. Treasury Secretary Scott Bessent has declared “there are no guarantees” that Americans won’t face a recession during President Donald Trump’s second term. “Mr. Secretary, can you guarantee the American people here and now that there will be no recession on President Trump’s watch?

The U.S. stock market has lost $5 trillion in value over the last three weeks due to upcoming tariffs threatened by the Trump administration and rising inflation, leaving many Americans worried about their investments.

Treasury Secretary Scott Bessent on Sunday said he is "not worried" about the U.S. markets seeing long-term problems, saying there won't be a financial "crisis."